Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 194. (Read 679332 times)

I agree, I think stimulation of turnover would not be a good thing.
Thanks for the further insight!

whoever think of HYPerstake "coin" as a "currency"  - I suggest allready does not follow the development of the crypto world.. What you can buy and where for HYPerstake coin - is just as rear as exchange carrots for potatos in the net! And monetary laws are not applyed correctly here!
This experiment shows that it acts more like an Asset, then store of value and as the way to transfer money //if you want to transfer 1 Million$ with HYP you are going to turn it to BTC first - then buy HYP and send it.. then another person will have to do the opposit to extract the uknown amount of $ at the end
So the most IMPOTRANT thing about HYP and all High POS "coins" is about STAKE RATE.. so damaging the amount through different ways is I think not smart!

i added another 30k to my stake, while price is good.

Thanks HyperStake!

HyperDeck is updated.

The whole idea of PoS (end especially high PoS) is based on long term holding. Such stimulation of turnover can undermine security (notice how the diff has dropped after a big New Year dump) and may lead to massive selloffs. Economic theory states that increased money velocity works like supply expansion. As to the inflation, there are very powerful economic movements, like Keynesian economics, that argue the Quantity theory of money, i.e. the dependance of prices on money supply.

Just placing this here,  as it may be helpful in some way or something..

Yes diff hovering around 8 so slower stakes now.

Are you talking 10-20% yearly?  

With current difficulty, I don't see this coin producing 750% per year (per individual)..  for smaller investors
seems more like 100 - 200% (based on amount you're individually holding, of course)  
- why do I say this?  Only so many days in a year and stakes are becoming few and far between.

We will have more chances to hit them if you keep making such forecasts. Developers are working.

Difficulty does seem to be going down, as well as weight. Just will be staking, hoping my 1k rewards will rake in

4) You can re-use this post when we hit double digits!

I've avoid HYP because I could see this price/inflation problem.  It now looks like some stake coins can maintain 50% interest rates without price gravity effects, more less even price models.  15% or less the prices continue to rise despite the inflation.  The sweet spot looks like 10-20% stakes pay, but the POW insta mine days (i hope are done) better to move to 6-12month POW phases.

All due respect the HYP crew has said this is an 'experiment' in hyper inflationary economics.  If the investor can grasp that idea then it looks like in the long run HYP is to produce a fairly good coin with a solid/smart community.

Remember, that High-Tek.. here I mean computer science etc. develops much faster then economists can follow there are things, that could be called impossible just 15 years?
What economic reality is - is a pretty good question! The Blockchain Technology makes Decentralized Internet possible and 10 years ago everyone would call me crazy!!!
There no economic laws about bitcoin.. so no one can say for sure - what this experiment will end up with?!
We understand - that reality accepts crypto coins and it looks like we are going to have millions of altcoins out there.. So the only coins, that have "something special" in them will stay and develop i.e. - survive.. And I can say, that proof-of-stake, that was known from Peercoin, but was not used the way Tekcoin and HYP use it - to virtually "mine" coins! Pretty good feature ..but who needs and what to do with all Phs of haspower maid by students? if you can mine coins without.. but miner industry goes on and running fast forward to the limits of tech process and Ghs\per watt.
NOW this - In terms like - medium of exchange, HYP or TEKcoin or any other high POS coin will do just like Bitcoin! if not better.. I mean that, for example - you can't do 51% attack on Proof of stake coin, unless you own 51% of all coins. And we have such coins already at the market.. HYP and TEKcoin and the experiment is far from over...
Economic reality is that, the High POS coin called PayCoin is now 4th by the market cap! And it is promoted by the private company //so in some way it got centralized// ..its good experiment too and I will take part in both - in company backed high POS coin and in Anarchy Open Crazy Decentralized coins like HYP and TEK.. Datacenters that sell legit hashpower online per Ghs are kind of centralizing Bitcoin network and here I think is some problem, but not sure

 Also economic reality is - that if you have big supply you will be running down the price... BEFORE it will suit more and more users.. and you and I will start buying and if it will be at 1xx, then let it be this way - its fine! relax  Ofkoz, if you buy high, then its sad, but all you have to do is not to SELL lower then you get them! This Simple! Only BUY when you think that its the LOWEST LOW.. if not now - then lower! If you buy at the historic maximums, like if you bought BTC at 1214$ per coin and now its low.. sad isnt it?

...so if the price decline is natural for high POS coins\assets.. then let it be! Just try to think what are other options and you will see - that the amount of coins you own matters at the end of all... just like in usual mining The difficulty rise - get less coins - need more hashpower! If you think, that price is too high for you to BUY and all you do for now is SELL, then watch it going down.. simple calculations suggest - that if you had enough coins - you would not care about the price that much.. can it go lower 1 sat? no! If minimal trading volume is present - it will stay listed at the exchanges.. then all is super great!

So if there are going to be the whole tonnes of different kinds of coins, then High POS coins (HYP, TEKcoin) have grabbed pretty good feature. And In my example - I choose from coins that I see have Active community and are listed at the markets.. And HYP and TEKcin do have this both.. what else do I need?
Do we need more high POS coins - I dont care! I found two that have trak and smart people around. This coins are different, but thats another story (c) cypress hill
peace

Debate / comments welcome
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=I/O CONFLIKT=

Happy Staking New Year to all Hypers!

The largest exchange by volume only has ~1% of total supply on the sell side. So I'd say a lot of the coins are staking and only a small percentage ~5% or less are on exchanges and available on the open market.

It doesn't mean that the price can't rise again. Look at Dogecoin. It has 100 billion supply and is traded at 60 sat. HyperStake will have such supply in 300 years (and a bigger part of coins will be held in wallets for staking). So there is something more than a direct supply/price correlation. Markets are ruled by people expectations (or needs) that take a form of demand. So the complete demand formula is:

D = Pn * Exp

where Pn is the number of people and Exp is expectations. Both these elements can be influenced by stereotypes (like economic reality). But if you try not to pay attention to these stereotypes and their effects (hope the Dogecoin case study will help), you'll see that demand is the result of an idea, development and promotion, and nothing more  

Unfortunately 1xx will be the 'new normal' price for HYP, good for newcomers, not good for anyone who has accumulated up until now.
The ever-inflating coin supply has insured this will be the case. This was a creative idea that could not overcome economic reality.

The next release of the wallet will do away with the dust added to the block splitter. I initially thought that because coinstake transactions never split the blocks exactly the same, that there was a reason to do this. Looking further into this, the amount of the block is never hashed in the PoS hashing, so it is really irrelevant. What sets them apart in the PoS hash is the position of the block in the transaction, which is what gets hashed and makes each block unique.

So in summary, this was my mistake, and will be removed 

From what I understand you should have blocks exactly the same size as you do with your 9 blocks of 4k.  I forget exactly why but I think it has some effect on the staking of those identical blocks.  When you use the SplitBlock function in the wallet it will make each block a slightly different size.  You would put your 40K purchase in SplitBlock, select 10 as the # of blocks and it would give you 10 blocks of ~4K each at a slightly different size.

Hmmm this last decrease in price is actually great in my opinion.

1) I don't look at HYP as a source of income (I know others do, but for me I usually just keep compounding), considering this, decreasing price isn't really a blow to my wealth in that sense.

2) Difficulty is sooo high now that I have been staking way less than I used to.  I have been slowly buying up a few thousand here or there, but now I can purchase tens of thousands of HYP for pretty cheap.

3) newcomers will be able to accumulate for cheap as well, meaning that they can setup a pretty basic portfolio of HYP, size it correctly, and be sure to see some stakes roll in in a couple weeks.

Overall, I like it    Thanks for the coins for so cheap!